MADE in America Act

Summary

Manufacturing API, Drugs, and Excipients in America Act or the MADE in America Act This bill establishes a tax credit for certain manufacturers of pharmaceuticals or medical products. Specifically, the bill establishes a tax credit for manufacturers of pharmaceuticals, active pharmaceutical ingredients, excipients (i.e., inactive ingredients), medical diagnostic devices, or personal protective equipment, if they are located in a designated distressed zone. The tax credit is equal to 25% of the manufacturer's production expenditures; the credit increases to 30% of expenditures if a substantial portion of the manufacturer's employees reside in a distressed zone. The bill defines distressed zone as an area that has been designated as a qualified opportunity zone by the Internal Revenue Service (i.e., an economically distressed community in which certain new investments may be eligible for preferential tax treatment) and that has a poverty rate of over 30%.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 19 April 2023

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 19 April 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 April 2023

   Introduced

   Introduced in House

   Source: IntroReferral

4. 17 December 2024

   Referred

   Referred to the Subcommittee on Health.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 19 April 2023 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 19 April 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 19 April 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 19 April 2023

  Open at official source

Sponsors

• Rep. Carter, Earl L. "Buddy" [R-GA-1] · R · Sponsor
• Darren Soto · D · Sponsor
• Rep. Miller, Carol D. [R-WV-1] · R · Sponsor
• Matt Cartwright · D · Sponsor
• Richard Hudson · R · Sponsor
• Rep. Bilirakis, Gus M. [R-FL-12] · R · Sponsor
• H. Griffith · R · Sponsor
• Troy Balderson · R · Sponsor
• Jefferson Van Drew · R · Sponsor
• Eric Crawford · R · Sponsor
• Rep. Harshbarger, Diana [R-TN-1] · R · Sponsor
• Nicholas Langworthy · R · Sponsor
• Ronny Jackson · R · Cosponsor
• Rep. Rutherford, John H. [R-FL-5] · R · Cosponsor
• · hswm00 · Standing

Related records

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